A recent analysis of political donations from major sectors of the American economy illustrates the degree to which the most powerful interests in the United States view the Democratic Party as a better bet to forward their self-interests.
The progressive capture of both American political parties led Rothbard to suggest that late nineteenth and early twentieth-century politics could best be understood as a clash between rival oligarch factions led by the Morgans and Rockefellers.
Given the massive institutional advantages and relative unity enjoyed by the political left, the Democratic Party finds itself engulfed in chaos of its own, largely resulting from the consequences of its own political victories.
Immigration, counted on as a powerful tool to ensure future political dominance for the Democratic Party, has also become a festering issue for Democrat politicians.
The failure of the fiscally conservative Tea Party movement to capture enough political will to alter the trajectory of Washington spending has made a fiscal crisis inevitable, and that moment is quickly approaching.
Despite these seismic shocks happening in financial markets, the political class seems characteristically clueless.
The political class may be more concerned about delayed Ukraine funding than the financial crisis brewing at home, but the regime is prepared to do what it does best: violently preserve itself at the expense of everyone else.
https://mises.org/wire/reaping-what-you-sow-american-regime-chaos
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